What techniques can I use to protect my business property?

Video Transcription

There are several techniques used to protect business property in Florida. One is proper ownership of the business itself, in particular using entities like limited liability companies and limited partnerships. Another technique of course is to have proper insurance for your business assets, which again probably is the most common way to protect a business property.

Another way is to segregate certain business assets from the rest of the business operation. It’s very common, for example, to take the real estate that is used in a business and to segregate that into a separate business entity like a limited liability company or a limited partnership. The same thing can be done with intellectual property as well, like trademarks, trade names, and business processes. Those are three of the more common ways used to protect business assets in Florida.

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